BUS 314 – Resourcing New Ventures
- Certificate Course
- 1 Semester
- One of the 4 core courses in the Certificate of Innovation and Entrepreneurship.
- Prerequisite: BUS 238 or BUS 254; 45 units.
Resourcing New Ventures will help students to understand how to evaluate and access the financial, human and intellectual capital required to start and grow a new venture. We will work our way through the discrete phases of a new venture and for each phase we will establish the appropriate objectives, levels of expenditure, funds that can be raised and from what sources.
Topics to be covered include the business model canvas and the importance of finding product/market fit at the outset of your venture; building and incentivizing your core team; bootstrapping vs. external funding; crafting the elevator pitch and pitch deck; the cap table (share structure); seed funding as you validate your assumptions; financial modeling; forms of debt including convertible notes and venture debt; options, warrants, and share classes; the due diligence process; sources of capital and when to use them; understanding venture capital; setting your valuation; term sheets; scaling the enterprise, and some of the considerations at the end of a business’s life cycle and exit alternatives for founders.
BUS 314 is a great course for those who are apprehensive with finances. Coming from an arts background it’s not something I’m super comfortable with but I learned a lot of valuable information about how to get funding, venture capital and more – skills I can use in my everyday life.5th Year, SIAT Student
Spring 2022 Professor
Chris’s background is diverse and multi-disciplinary. As a CPA-CMA, he is currently the fractional CFO for no less than five companies. His experience includes completing a Master’s degree in Business Ethics and starting multiple companies – one of which grew into a multi-million-dollar, international entity before being acquired by its largest customer. Having also served as a Director of Investor & Regulatory Affairs for a NASDAQ listed Canadian company, a Director of AV Services at a major hotel, Manager of Guest Relations for the Vancouver Aquarium, and a designer of several of Canada’s largest high tech LED installations, Christopher can draw upon many real-world cases to provide guidance and mentorship.
Learn more about Joshua here!
Joshua Tiong has extensive experience developing companies across all stages of the organizational lifecycle. Through his work with the Business Development Bank of Canada (BDC), Joshua partners with Canadian entrepreneurs to scale up, be more productive, innovate, and expand internationally, with a specific focus on the ‘messy middle’ phase of their journey. He joined BDC after having built, grown, and sold a handful of tech-enabled services and software businesses. Prior to these ventures, Joshua’s early career involved working with Fortune 500 companies in strategy, technology, marketing, and consulting roles, most notably with Avanade, a joint venture between Microsoft and Accenture. Joshua is committed to developing Canada’s innovation and entrepreneurship ecosystems as an advisor, investor, mentor, and director. He has been active with Kiwanis International for more than 15 years, where he currently serves as the President for the Kiwanis Club of Vancouver.
I learned from some amazing professors, and even got to meet and work with some amazing group members, who have now become my closest friends. This Certificate will always hold a higher precedence for me than my Major6th Year, FCAT Student
This course helped me become more self aware, validated and helped develop my innovative slide. It also helped me learn to trust my gut feelings a lot more in order to become a collaborator.4th Year, BUS Student